NEW YORK CITY-Residents of Jackson Heights are trying to prevent the 29,000-square-foot athletic field of The Garden School from going into the hands of a developer. The private school was in discussion with the city to sell its athletic field located across the 78th Street and Travers Park.
The Department of Parks & Recreation has proposed $4.7 million for the 20,000-square-foot land or $4.8 million for the whole field. The school had also received a $5.4-million offer for development of apartments. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
